Y Intercept Hong Kong Ltd Sells 24,124 Shares of ARK Innovation ETF $ARKK

Y Intercept Hong Kong Ltd cut its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 18.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 107,381 shares of the company’s stock after selling 24,124 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ARK Innovation ETF were worth $9,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARKK. B. Riley Wealth Advisors Inc. bought a new stake in shares of ARK Innovation ETF during the 2nd quarter worth approximately $1,258,000. Farther Finance Advisors LLC increased its holdings in ARK Innovation ETF by 73.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 22,134 shares of the company’s stock worth $1,910,000 after purchasing an additional 9,350 shares in the last quarter. Edgestream Partners L.P. grew its holdings in ARK Innovation ETF by 127.8% during the 2nd quarter. Edgestream Partners L.P. now owns 15,552 shares of the company’s stock worth $1,093,000 after acquiring an additional 8,725 shares during the last quarter. Advisory Services Network LLC grew its position in shares of ARK Innovation ETF by 15.1% in the 2nd quarter. Advisory Services Network LLC now owns 69,823 shares of the company’s stock valued at $5,260,000 after buying an additional 9,146 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at $490,000.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $80.70 on Friday. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65. The business’s 50-day moving average is $79.63 and its 200-day moving average is $80.03. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96.

ARK Innovation ETF Profile

The ARK Innovation ETF (ARKK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARKK was launched on Oct 31, 2014 and is managed by ARK.